Ingredion Inc. Files Definitive Proxy Statement (DEF 14A)

Ticker: INGR · Form: DEF 14A · Filed: 2024-04-03T00:00:00.000Z

Sentiment: neutral

Topics: DEF 14A, Proxy Statement, Ingredion Inc., Executive Compensation, Corporate Governance

TL;DR

<b>Ingredion Inc. has filed its Definitive Proxy Statement for the period ending May 15, 2024.</b>

AI Summary

Ingredion Inc (INGR) filed a Proxy Statement (DEF 14A) with the SEC on April 3, 2024. Ingredion Inc. filed a Definitive Proxy Statement (DEF 14A) on April 3, 2024. The filing covers the period ending May 15, 2024. The company's fiscal year ends on December 31. Ingredion Inc. was formerly known as Corn Products International Inc. until September 17, 1997. The filing includes detailed executive compensation data for PEO and Non-PEO members for the fiscal year 2022 and 2023.

Why It Matters

For investors and stakeholders tracking Ingredion Inc, this filing contains several important signals. This DEF 14A filing provides crucial information for shareholders regarding executive compensation, board nominations, and other corporate governance matters ahead of the annual meeting. Understanding the details within this proxy statement is essential for shareholders to make informed voting decisions on proposals presented by the company.

Risk Assessment

Risk Level: low — Ingredion Inc shows low risk based on this filing. The filing is a routine DEF 14A, which is standard for publicly traded companies and does not contain new material financial information or significant operational changes.

Analyst Insight

Shareholders should review the executive compensation details and any proposed governance changes to inform their voting decisions.

Key Numbers

Key Players & Entities

FAQ

When did Ingredion Inc file this DEF 14A?

Ingredion Inc filed this Proxy Statement (DEF 14A) with the SEC on April 3, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by Ingredion Inc (INGR).

Where can I read the original DEF 14A filing from Ingredion Inc?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Ingredion Inc.

What are the key takeaways from Ingredion Inc's DEF 14A?

Ingredion Inc filed this DEF 14A on April 3, 2024. Key takeaways: Ingredion Inc. filed a Definitive Proxy Statement (DEF 14A) on April 3, 2024.. The filing covers the period ending May 15, 2024.. The company's fiscal year ends on December 31..

Is Ingredion Inc a risky investment based on this filing?

Based on this DEF 14A, Ingredion Inc presents a relatively low-risk profile. The filing is a routine DEF 14A, which is standard for publicly traded companies and does not contain new material financial information or significant operational changes.

What should investors do after reading Ingredion Inc's DEF 14A?

Shareholders should review the executive compensation details and any proposed governance changes to inform their voting decisions. The overall sentiment from this filing is neutral.

How does Ingredion Inc compare to its industry peers?

Ingredion Inc. operates in the grain mill products industry, providing food ingredients and industrial solutions.

Are there regulatory concerns for Ingredion Inc?

As a publicly traded company, Ingredion Inc. is subject to SEC regulations and filing requirements, including the DEF 14A for proxy solicitations.

Industry Context

Ingredion Inc. operates in the grain mill products industry, providing food ingredients and industrial solutions.

Regulatory Implications

As a publicly traded company, Ingredion Inc. is subject to SEC regulations and filing requirements, including the DEF 14A for proxy solicitations.

What Investors Should Do

  1. Review the detailed executive compensation tables for PEO and Non-PEO members for fiscal years 2022 and 2023.
  2. Examine any proposals related to corporate governance, director elections, or shareholder rights.
  3. Note the company's former name and date of name change for historical context.

Year-Over-Year Comparison

This filing is a DEF 14A, which is a standard proxy statement and does not represent a change from previous filings of this type.

Filing Stats: 4,517 words · 18 min read · ~15 pages · Grade level 13.8 · Accepted 2024-04-03 06:47:16

Key Financial Figures

Filing Documents

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management 20 Delinquent Section 16(a) Reports 22

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 23 Compensation Discussion and Analysis 23 2023 Summary Compensation Table 39 Grants of Plan-Based Awards 41 Outstanding Equity Awards at Fiscal Year-End 42 Option Exercises and Stock Vested 43 2023 Pension Benefits 44 2023 Nonqualified Deferred Compensation 44 Potential Payments Upon Termination or Change in Control 45 Pay Ratio Disclosure 50 Pay Versus Performance Disclosure 51 COMPENSATION COMMITTEE REPORT 54 COMPENSATION COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION 54 PROPOSAL 2. ADVISORY VOTE ON COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS 55 REVIEW AND APPROVAL OF TRANSACTIONS WITH RELATED PERSONS 56 EQUITY COMPENSATION PLAN INFORMATION AS OF DECEMBER 31, 2023 57 AUDIT COMMITTEE REPORT 57 PROPOSAL 3. RATIFICATION OF APPOINTMENT OF KPMG AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 58 PROPOSAL 4. APPROVAL OF AMENDMENT TO THE COMPANY'S AMENDED AND RESTATED CERTIFICATE OF INCORPORATION TO LIMIT THE LIABILITY OF CERTAIN OFFICERS 59 QUESTIONS AND ANSWERS ABOUT THIS PROXY STATEMENT AND OUR 2024 ANNUAL MEETING 61 OTHER MATTERS 68 OTHER INFORMATION 68 APPENDIX A—RECONCILIATION OF NON-GAAP FINANCIAL MEASURE A-1 APPENDIX B—FORM OF CERTIFICATE OF AMENDMENT TO THE AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF INGREDION INCORPORATED B-1 QUESTIONS AND ANSWERS: Please see "Questions and Answers About this Proxy Statement and Our 2024 Annual Meeting" beginning on page 61 for important information about the proxy materials, voting, the 2024 Annual Meeting of Stockholders, and the deadlines to submit stockholder proposals and director nominees for the 2025 Annual Meeting of Stockholders. INGREDION INCORPORATED 2024 PROXY STATEMENT i Table of Contents Proposal 1. Election of Directors PROXY STATEMENT Ingredion Incorporated 5 Westbrook Corporate Center Westchester, Illinois 60154 In this proxy statement we refer to Ingredion Incorporated as "Ingredion,"

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